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Subprime outcomes: turmoil in the mortgage market

Author

Listed:
  • Ann Eggleston
  • Christopher L. Foote

Abstract

Until 2007, few Americans had probably heard the word ?subprime? - including many homeowners who would come to learn that their own mortgage was a subprime mortgage. Today, subprime mortgages are much discussed because they lie at the center of the turmoil that roiled credit markets in 2007 and 2008.

Suggested Citation

  • Ann Eggleston & Christopher L. Foote, 2007. "Subprime outcomes: turmoil in the mortgage market," Annual Report, Federal Reserve Bank of Boston, pages 6-15.
    • Handle: RePEc:fip:fedbar:y:2007:p:6-15
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    Keywords

    Subprime mortgage;

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